Bank of New York Mellon Corp reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,380,511 shares of the railroad operator’s stock after selling 198,681 shares during the quarter. Bank of New York Mellon Corp’s holdings in Union Pacific were worth $971,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Union Pacific by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after acquiring an additional 1,146,109 shares during the period. BlackRock Inc. boosted its stake in shares of Union Pacific by 0.3% during the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after acquiring an additional 141,521 shares during the period. FMR LLC boosted its stake in shares of Union Pacific by 84.6% during the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after acquiring an additional 4,399,980 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Union Pacific by 0.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock worth $865,659,000 after acquiring an additional 46,298 shares during the period. Finally, Capital World Investors boosted its stake in shares of Union Pacific by 0.7% during the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock worth $798,093,000 after acquiring an additional 50,000 shares during the period. Institutional investors own 78.45% of the company’s stock.

UNP has been the subject of several recent research reports. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific in a research note on Friday, September 15th. Robert W. Baird restated a “hold” rating and issued a $116.00 price target on shares of Union Pacific in a research note on Sunday, September 17th. Morgan Stanley downgraded Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Citigroup downgraded Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Wednesday, October 4th. Finally, Aegis downgraded Union Pacific from a “buy” rating to a “hold” rating and boosted their price target for the company from $120.00 to $122.00 in a research note on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $121.21.

Shares of Union Pacific Co. (NYSE:UNP) opened at $139.44 on Tuesday. The firm has a market capitalization of $109,760.00, a price-to-earnings ratio of 24.68, a PEG ratio of 1.97 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $139.72.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. sell-side analysts anticipate that Union Pacific Co. will post 5.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date was Wednesday, November 29th. Union Pacific’s dividend payout ratio is presently 47.08%.

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About Union Pacific

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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